New Targets at the Wyloo Gold – Silver – Antimony Project for Maiden Drill Program
New Targets at the Wyloo Gold – Silver – Antimony Project for Maiden Drill
Program
HIGHLIGHTS
• Highly encouraging exploration results have been received from the Wyloo Project, confirming multiple high priority
targets.
• A strong multielement soil anomaly has been defined over Wyloo SE, where a polymetallic vein system has previously
been defined by Novo, including peak soil values of 57.2 ppm Ag, 142 ppm Sb, 1,440 ppm As, 2,180 ppm Zn and
1,530 ppm Pb. The anomaly remains open undercover to the SW and NE.
• Follow-up exploration on the high-order Sb stream anomaly at Wyloo SW has defined a target area of 2.5 km x 800
m with peak stream sediment result of 19.9 ppm Sb and a multielement association of Sb-As-Cu-Pb-Zn.
• Both Wyloo SE and SW prospects lie within the core of the Wyloo anticline, in the SE flank of the Wyloo Dome, which
forms a basement high within the Ashburton Basin. The Paulsons gold deposit lies in the NE part of the Wyloo Dome,
approximately 40 km WNW of Wyloo.
• A heritage survey is scheduled for March to provide access for RC drilling planned to test the Wyloo SE area in Q2
2026.
• The maiden drill program at Wyloo SE, of approximately 1,500 m, is planned to test the high-grade polymetallic vein
system, potential for stratabound mineralisation and a large fault zone immediately south of the main target area.
Photo during reconnaissance at Wyloo SE, looking southwest from the mapped rhyolite dome.
PERTH, Australia, Feb. 09, 2026 -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO) (OTCQB:
NSRPF) is pleased to provide an update on the Wyloo Project, including recent exploration results and forward work program.
This includes a heritage survey in March followed by a maiden RC program of some 1,500 m planned for Q2 2026 and
designed to test the Wyloo SE polymetallic vein system .
Commenting on the Company’s exploration results and planned RC drilling, Mike Spreadborough, Executive Co-Chairman and
Acting Chief Executive Officer, said: “The results from Wyloo SE continue to impress, with recent soil sampling defining a
strong, open-ended multielement anomaly over a known polymetallic vein system. These results enhance our confidence in
the scale and prospectivity of the target, and we are very excited about the conducting the maiden drill program into this
compelling target.
Additionally, follow-up stream sediment sampling at Wyloo SW has expanded and strengthened the original stream sediment
anomaly and has elevated Wyloo SW to a drill-ready prospect. This reinforces the broader potential of the Wyloo Project, with
multiple targets now emerging for systematic drill testing.”
Figure 1: Novo Pilbara and Onslow District tenure showing significant prospects and location of the Wyloo Project in the
southern Pilbara.
Regional Setting
The Wyloo project area covers two exploration tenements in the southern Pilbara ( Figure 1 ). The Wyloo SE and SW
prospects lie within the core of the Wyloo anticline, in the SE flank of the Wyloo Dome, which forms a basement high within
the Ashburton Basin. It is a dynamic tectonic setting, with the regional Nanjilgardy Fault just 5 km south of the prospect. The
Paulsons gold deposit lies in the NE part of the Wyloo Dome, approximately 40 km WNW of Wyloo SE.
Background 1, 2
Two significant antimony anomalies were located by Novo in the SE part of Wyloo tenement E47/4213 during routine stream
sediment sampling in 2023.
Reconnaissance exploration on the eastern-most anomaly identified a zone of quartz-sulphide veining with anomalous
antimony, silver, gold and base metals, at Wyloo SE (Figure 2) . Seven rock chip samples yielded peak assay results of 387
g/t Ag, 0.38% Sb, 5.0% Pb, 1.6% Zn, 2.4% Cu and 0.52 g/t Au1.
Follow-up work in mid-2025 included detailed structural and regolith mapping and rock chip sampling. The latter focussed on
the ENE trending vein array dipping 60 degree to the ESE for over 130 m strike and trending under cover to the SW and NE.
The main vein array outcrop is up to 7 metres thick, with footwall/hangingwall zones of intense sulphide, alteration and
numerous anastomsing veins; and is up to 18 m wide where exposed at surface. Rock chip sampling further enhanced the
target and yielded maximum values of 482 g/t Ag, 1.29% Sb, 9.7% Pb, 16% Zn and 0.93 ppm Au 2. Several samples
assayed at greater than 7% Zn.
Figure 2: Previously released peak rock chip results at the Wyloo SE prospect and geology (outcrop mapping), highlighting
significant Ag, Sb, Au, Cu, Zn and Pb results from the main vein array. Much of the target area only poorly outcrops (refer
Figure 3 for geological setting).1,2
Mapping at Wyloo SE has highlighted a dynamic geological setting ( Figure 3):
• The vein array is located on the flank of an interpreted rhyolite dome;
• The vein array is parallel to a significant fault zone (the Tasha Fault) to the immediate southeast;
• Presence of several subvolcanic intrusions including quartz-eye porphyry with disseminated malachite ex-sulphide (note
- outcrop too small to delineate at this scale) and rhyodacite-quartz porphyry;
• Jasperoidal lenses containing disseminated sulphides are either replacement or exhalitive.
Wyloo Project New Results
Recent work includes a soil grid over the Wyloo SE vein system and surrounds; and detailed infill stream sediment sampling,
rock chip sampling and mapping at Wyloo SW .
This recent exploration has significantly enhanced the potential of the project, provided new targets and has allowed
interpretation of several targets ready to drill in Q2 2026.
Wyloo SE
One hundred and sixty two (162) minus 80 mesh soil samples were taken at a 40 x 20 m spacing over the target area to test
for mineralisation outside the obvious vein array outcrops. Sampling was restricted in places by significant colluvial cover to the
west and southwest, and by alluvium along the Tasha Fault from the south to the northeast.
A strong multielement soil anomaly has been defined over 150 m strike tending parallel to stratigraphy and crosscutting the
main vein array, suggesting a stratigraphic control to the anomany and target. Peak soil values include 57.2 ppm Ag, 142
ppm Sb, 1,440 ppm As, 2,180 ppm Zn and 1,530 ppm Pb . Multielement anomalies are zoned, generally trend WNW
parallel to the rhyolitic volcanic stratigraphy and are open under cover (Figure 3).
Refer to Appendix 1 for full results.
Figure 3, Wyloo SE highlighting geology, soil geochemistry (Sb ppm) and structural setting. Soil anomalies are open under
colluvium to the west and alluvium along the Tasha Fault Zone to the east-northeast. The multielement anomalies trend NE to
E-W, oblique to the main vein array. White dashed polygon shows field of view close-up from Figure 2.
Maiden drilling at Wyloo SE is planned to target:
1. The main ENE trending polymetallic vein array
1. The Tasha Fault zone, also trending ENE
2. The WNW trending stratigraphy, particularly at the intersection and in the vicinity of the sulphide bearing quartz-eye
porphyry.
Wyloo SW
Fifty four (54) stream sediment samples were collected at the Wyloo SW prospect, targeting first to third-order creeks to
define the source of the existing stream sediment anomaly in an area of significant transported sheetwash cover.
This follow-up exploration has defined a target area of 2.5 km x 800 m with peak stream sediment values of 19.9 ppm Sb
and 57 ppm As and a multielement association of Sb-As-Cu-Pb-Zn (Figure 4). Refer to Appendix 2 for full results.
Targeted selective rock chip sampling was completed over areas of outcrop, with 53 rock chip samples collected across the
prospect area, targeting outcrop zones of alteration and prospective quartz veining. Refer to Appendix 3 for full results.
Within the newly defined 2.5 km x 800 m target area, only 2 small zones of outcrop are exposed in and adjacent to a NW
trending creek. One of the zones is characterised by strong shearing containing a mix of schistose lithologies, vein arrays and
carbonate alteration. Results from rock chip sampling highlight elevated Sb, As, Zn and Cu in outcrop, with peak results
of 570 ppm As, 526 ppm Cu, 431 ppm Zn and 26 ppm Sb. Whilst these results are low tenor, they clearly indicate that a
mineralising system is present. Follow-up work is requirted to define the source of the stream sediment anomaly.
Figure 4 Wyloo tenure showing high order stream sediment antimony anomalies in the southern sector of the tenement,
including recently received data for the Wyloo SW anomaly
Forward Program
A maiden drilling program at Wyloo SE is planned for Q2 2026 pending heritage surveys scheduled for early March. Drilling will
target the ENE trending vein array, the Tasha Fault Zone and soil anomalies parallel to stratigraphy. Sectional drilling will test
the vertical metal zonation of the polymetallic system, grade and width of the mineralisation and potentail plunge of the target.
Further work at Wyloo SW will require broad sectional drilling using either AC or RC drilling to test beneath the 1 – 3 m thick
sheetwash colluvial cover.
Authorised for release by the Board of Directors.
CONTACT
Investors:
Mike Spreadborough
+61 8 6400 6100
North American Queries:
Leo Karabelas
+1 416 543 3120
Media:
Cameron Gilenko
+61 466 984 953
QP STATEMENT
Mrs. Karen (Kas) De Luca (MAIG), is the qualified person, as defined under National Instrument 43-101 Standards of
Disclosure for Mineral Projects , responsible for, and having reviewed and approved, the technical information contained in this
news release. Mrs De Luca is Novo’s General Manager Exploration.
JORC COMPLIANCE STATEMENT
New Exploration Results
The information in this news release that relates to exploration results at Novo’s Pilbara tenure is based on information
compiled by Mrs De Luca, who is a full-time employee of Novo Resources Corp. Mrs De Luca is a Competent Person who is a
member of the Australian Institute of Geoscientists. Mrs De Luca has sufficient experience that is relevant to the style of
mineralisation and the type of deposits under consideration and to the activity being undertaken to qualify as a Competent
Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves'. Mrs De Luca consents to the inclusion in the report of the matters based on her information in the form and
context in which it appears.
Previous Exploration Results
The information in this news release that relates to previously reported exploration results at Novo’s Pilbara tenure is extracted
from the Company’s ASX announcements referred to in endnotes 1 and 2, each of which is available to view at
www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the
information included in the original market announcements and that all material assumptions and technical parameters
underpinning the estimates in the market announcements continue to apply and have not materially changed. The Company
confirms that the form and context in which the competent persons findings are presented have not been materially modified
from the original market announcements.
FORWARD-LOOKING STATEMENTS
Some statements in this news release may contain “forward-looking statements” within the meaning of Canadian and
Australian securities law and regulations. In this news release, such statements include but are not limited to planned
exploration activities and the timing of such. These statements address future events and conditions and, as such, involve
known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements
to be materially different from any future results, performance or achievements expressed or implied by the statements. Such
factors include, without limitation, customary risks of the resource industry and the risk factors identified in Novo’s annual
information form for the year ended December 31, 2024 (which is available under Novo’s profile on SEDAR+ at
www.sedarplus.ca and at www.asx.com.au) in the Company’s prospectus dated 2 August 2023 which is available at
www.asx.com.au. Forward-looking statements speak only as of the date those statements are made. Except as required by
applicable law, Novo assumes no obligation to update or to publicly announce the results of any change to any forward-looking
statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in
assumptions or changes in other factors affecting the forward-looking statements. If Novo updates any forward-looking
statement(s), no inference should be drawn that the Company will make additional updates with respect to those or other
forward-looking statements.
ABOUT NOVO
Novo is an Australian based gold explorer listed on the ASX and the TSX focussed on discovering standalone gold and copper
projects with > 1 Moz development potential. Novo is an innovative explorer with a significant land package covering
approximately 4,160 square kilometres in the Pilbara region of Western Australia, along with the 22 square kilometre
Belltopper project in the Bendigo Tectonic Zone of Victoria. In addition to the above, Novo is part of two prospective farm in
agreements in New South Wales.
Novo’s key project area in the Pilbara is the Egina Gold Camp, where Northern Star Resources Limited is farming-in to form a
JV at the Becher Project and surrounding tenements through exploration expenditure of A$25 million for a 50% interest. The
Becher Project has similar geological characteristics to Northern Star’s 13.6 Moz Hemi Project #. Novo is also advancing gold
exploration south of Becher at the Teichman Project in the Egina Gold Camp, part of the Croydon JV (Novo 70%: Creasy
Group 30%). Novo continues to undertake early-stage exploration elsewhere across its Pilbara tenement portfolio.
Novo has also formed a lithium joint venture with SQM in the Pilbara which provides shareholder exposure to battery metals.
Novo has strengthened its high-quality, Australian based exploration portfolio by adding the TechGen John Bull Gold Project in
the New England Orogen of NSW, and Manhattan Corp. Limited Tibooburra Gold Project in the Albert Goldfields in
northwestern NSW. Both projects demonstrate prospectivity for significant discovery and resource definition and align with
Novo’s strategy of identifying and exploring projects with > 1 Moz Au potential. These high-grade gold projects compliment the
landholding consolidation that forms the Toolunga Project in the Onslow District in Western Australia.
Novo has a significant investment portfolio and a disciplined program in place to identify value accretive opportunities that will
build further value for shareholders.
Please refer to Novo’s website for further information including the latest corporate presentation.
#Refer to De Grey’s ASX Announcement, Hemi Gold Project mineral Resource Estimate (MRE) 2024, dated 14 November
2024. No assurance can be given that a similar (or any) commercially viable mineral deposit will be determined at Novo’s
Becher Project.
Appendix 1: Wyloo SE new -80# soil sample results for Au, Ag, As, Cu, Pb, Sb, and Zn, relevant to the
mineralisation style and reported in this release. All co-ordinates are in GDA2020 zone 50.
Sample
ID
Easting
(m)
Northing
(m)
Height
(m)
Au
(ppb)
Ag
(ppm)
As
(ppm)
Cu
(ppm)
Pb
(ppm)
Sb
(ppm)
Zn
(ppm)
J1502b 457948 7482762 296 7 0.0 37 50 11 5.1 130
J1503b 457960 7482747 298 2 0.1 37 56 13 6.5 62
J1501b 457934 7482778 295 2 0.3 25 45 12 4.4 103
J1504b 457974 7482732 303 4 0.2 57 55 16 6.6 71
J1506b 457999 7482701 302 2 1.2 174 272 63 41.5 112
J1505b 457987 7482716 307 1 0.1 67 65 20 10.3 119
J1509b 458043 7482712 296 1 0.1 47 44 31 5.3 79
J1511b 458016 7482743 297 3 0.1 42 38 11 3.4 106
J1512b 458005 7482756 296 0 0.1 31 51 11 2.8 115
J1513b 457991 7482773 292 1 0.1 28 53 10 2.5 131
J1521b 457913 7482865 292 2 0.2 72 107 11 7.3 40
J1507b 458012 7482686 297 1 1.1 205 120 106 34.0 110
J1508b 458026 7482672 295 2 0.2 47 66 14 11.7 104
J1510b 458030 7482727 295 1 0.1 27 34 14 3.9 60
J1524b 457944 7482890 295 3 0.1 60 56 13 18.4 53
J1525b 457957 7482875 296 2 0.2 60 80 12 16.8 50
J1526b 457970 7482860 301 2 1.3 18 76 11 8.9 61
J1514b 457978 7482788 291 1 0.0 18 36 9 2.8 118
J1516b 457966 7482803 293 1 0.1 17 43 9 2.7 139
J1517b 457953 7482819 293 2 0.3 49 51 9 3.2 128
J1527b 457983 7482845 302 1 0.3 18 61 11 5.7 49
J1528b 457995 7482829 301 0 0.2 18 38 10 3.1 59
J1530b 458022 7482799 301 0 0.0 35 85 8 4.2 28
J1518b 457938 7482834 291 2 0.1 31 79 13 4.8 101
J1519b 457927 7482849 292 1 0.1 88 68 11 8.0 56
J1522b 457900 7482880 294 0 0.1 36 44 11 7.7 46
J1531b 458036 7482783 301 5 0.3 34 161 9 3.1 126
J1534b 458074 7482737 300 3 0.2 41 54 22 4.7 46
J1536b 458087 7482722 300 0 0.0 63 71 30 10.8 48
J1523b 457930 7482906 297 0 0.0 28 30 12 11.5 48
J1529b 458009 7482813 300 1 0.1 29 71 9 3.8 50
J1532b 458047 7482768 301 2 0.0 33 35 12 3.1 81
J1537b 458098 7482707 299 4 0.0 74 108 46 12.4 63
J1538b 458113 7482692 300 4 0.1 60 78 19 7.1 104
J1541b 458207 7482641 303 1 0.1 28 53 8 5.2 85
J1533b 458061 7482752 301 2 0.2 39 37 17 3.8 51
J1539b 458123 7482676 302 1 0.0 59 73 18 8.3 109
J1540b 458138 7482660 300 1 0.2 43 71 9 9.6 123
J1542b 458195 7482656 303 0 0.1 25 47 8 5.1 77
J1543b 458180 7482672 302 2 0.1 32 49 8 4.6 102
J1552b 458077 7482794 306 1 0.0 32 46 11 3.1 58
J1544b 458169 7482687 302 2 0.1 49 127 10 3.6 121
J1546b 458156 7482702 303 3 0.3 43 102 27 6.8 99
J1547b 458142 7482717 302 7 0.2 79 82 17 7.0 94
J1553b 458065 7482809 306 1 0.1 31 56 10 2.7 47
J1555b 458108 7482820 313 2 0.0 71 56 8 3.9 19
J1557b 458134 7482789 303 1 0.0 38 47 14 4.4 32
J1548b 458130 7482733 304 7 0.2 66 68 40 9.3 80
J1549b 458117 7482748 303 1 0.0 77 81 44 13.5 53
J1550b 458103 7482763 304 4 0.1 49 93 33 6.1 42
J1559b 458161 7482758 303 12 0.2 77 60 43 10.3 70
J1560b 458173 7482743 302 6 0.1 67 74 20 9.0 79
J1561b 458185 7482727 302 27 0.1 51 137 25 7.0 83
J1551b 458091 7482778 304 2 0.1 38 47 14 3.5 36
J1554b 458095 7482834 316 0 0.1 22 37 8 2.9 23
J1556b 458121 7482805 308 1 0.1 37 42 10 2.9 29
J1564b 458226 7482682 310 2 0.0 12 42 7 2.4 55
J1566b 458238 7482667 305 0 0.0 13 42 7 3.1 54
J1567b 458251 7482651 299 10 0.0 22 47 8 3.6 64
J1558b 458147 7482774 302 9 0.1 49 64 48 10.2 52
J1562b 458200 7482713 303 1 0.1 43 152 6 2.6 118
J1563b 458211 7482697 306 0 0.1 29 49 7 3.3 105
J1569b 458319 7482632 300 1 0.1 67 45 10 12.7 63
J1571b 458294 7482661 296 1 0.1 41 55 9 6.7 69
J1573b 458267 7482692 301 1 0.0 21 38 7 3.6 52
J1568b 458307 7482646 301 9 0.1 42 42 10 7.8 61
J1572b 458282 7482677 298 1 0.0 26 55 9 3.7 84
J1575b 458241 7482723 307 0 0.1 32 52 8 5.9 86
J1574b 458256 7482708 304 1 0.1 25 40 7 5.4 55
J1576b 458229 7482738 303 0 0.1 32 54 9 3.4 97
J1578b 458204 7482768 304 8 0.3 95 102 29 9.0 82
J1577b 458217 7482754 304 5 0.3 91 95 30 12.8 86
J1579b 458191 7482784 305 11 0.2 72 83 30 10.1 62
J1581b 458165 7482815 297 1 0.1 28 46 19 3.9 39
J1580b 458179 7482800 291 12 0.2 68 80 45 12.0 56
J1584b 458126 7482861 314 2 0.1 46 50 13 5.0 43
J1586b 458114 7482876 314 1 0.1 30 48 10 3.7 36
J1582b 458152 7482829 300 2 0.1 39 56 17 3.3 35
J1583b 458139 7482845 305 0 0.0 31 35 11 2.9 27
J1590b 458158 7482887 304 5 0.1 24 47 14 3.7 38
J1587b 458083 7482850 323 1 0.0 36 30 10 2.9 32
J1588b 458053 7482824 309 1 0.1 29 68 10 2.6 36
J1589b 458145 7482902 304 1 0.0 24 45 12 3.7 68
J1591b 458170 7482871 302 2 0.1 24 43 22 3.2 40
J1594b 458208 7482825 302 5 0.1 67 65 35 11.8 44
J1596b 458221 7482810 302 2 0.1 46 77 30 7.3 58
J1592b 458182 7482856 301 7 0.2 23 54 71 4.1 42
J1593b 458196 7482841 301 1 0.1 53 88 50 9.5 43
J1599b 458260 7482765 303 7 0.2 75 90 28 10.5 68
J1597b 458235 7482795 303 5 0.2 51 90 38 9.6 73
J1598b 458247 7482779 307 6 0.3 66 96 28 7.7 68
J5309 457882 7482654 295 0 1.4 612 35 80 75.5 134
J1600b 458272 7482749 304 1 0.1 78 103 22 7.3 84
J5308 457894 7482639 296 1 1.0 939 30 57 47.9 106
J5314 457816 7482731 292 2 0.2 219 88 16 20.7 62
J5310 457869 7482668 295 2 6.2 475 51 102 110.0 195
J5311 457856 7482685 295 0 0.4 501 110 40 81.8 187
J5312 457841 7482700 295 0 0.0 461 64 18 47.7 70
J5313 457830 7482715 294 0 0.0 260 57 21 30.1 59
J5316 457804 7482745 291 2 0.2 315 50 16 17.9 57
J5317 457793 7482761 289 3 0.0 177 64 15 15.0 65
J5319 457810 7482802 290 1 0.0 263 66 17 17.8 62
J5322 457835 7482772 296 0 0.1 215 57 15 14.5 55
J5328 457912 7482679 300 1 0.8 224 116 59 89.8 222
J5318 457780 7482776 289 105 0.1 110 39 13 11.6 52
J5321 457825 7482787 293 1 0.0 317 61 15 14.1 55
J5323 457847 7482757 293 1 0.0 299 36 12 17.6 43